Valley National Advisers Inc. Buys 1,538 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Valley National Advisers Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,378 shares of the e-commerce giant’s stock after purchasing an additional 1,538 shares during the period. Amazon.com comprises approximately 1.1% of Valley National Advisers Inc.’s portfolio, making the stock its 21st biggest holding. Valley National Advisers Inc.’s holdings in Amazon.com were worth $7,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC raised its position in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares during the period. Wedge Capital Management L L P NC raised its holdings in Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after acquiring an additional 148 shares during the period. Cherrydale Wealth Management LLC lifted its position in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nicholas Company Inc. grew its position in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. 10.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Piper Sandler boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Evercore ISI increased their target price on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $205.13.

Amazon.com Trading Down 1.7 %

NASDAQ:AMZN opened at $173.67 on Friday. The company has a 50-day moving average price of $177.79 and a 200-day moving average price of $158.23. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.